The only problem I see is that it is currently occupied by tenants and I would like the property to be delivered vacant.

I'll begin by identifying a key element in the way WhiteHaven interprets our mandate - delivering the highest return possible on a risk-adjusted basis.

You should write into your contract that the property be delivered vacant or have the seller remove it from the group he is selling.  

(as described in section 5 of the Commodity Exchange Act, 7 U.S.C. 7) requires for metals which may be delivered in satisfaction of a regulated futures contract, if such bullion is in the physical possession of a trustee described under subsection (a) of this section."

Importantly, any lease that is currently in effect must by honored by the new owner.Put in the contract that the building be delivered empty, so it's the seller's problem.

We had a great contractor that delivered a fantastic product.

The biggest drivers are interest rates and if you need to tap into equity.If you think interest rates are going to stay steady or decline and you aren't trying to get at some equity, there's really no reason not to wait the year.

The first cabin we bought was being used as a LTR occupied by a truck driver with an owner that couldn’t make a go of it as an STR.  

Both methods are viable and are the driver for being able to grow the portfolio quickly.

Currently, we require basic contact info of the applicant, a drivers license, and an emergency contact (parent).